Senate debt-ceiling deal would kick the can into February

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Senate leaders say they’re working on a deal that would raise the debt ceiling before the government runs out of borrowing capacity on Oct. 17 and starts defaulting on its debts.

Assuming the House goes along, the deal “would not resolve the disagreements over long-term spending and health care that led to the crisis in the first place,” Reuters reports, but would fund government operations through the middle of January and push the prospect of default into February. Source: reuters.com